“The implementation of the new textile package, to be announced next month, would help boost the export of value-added products by more than $2 billion, besides creating five million jobs in a year,” said Textile Minister Abbas Khan Afridi.
“The increase in the value-added exports proceeds will be visible in the export figures for the year 2015-16,” Mr Afridi said while responding to a question at a joint press conference here on Tuesday.
The textile minister said drawback for local taxes and levies to be given to exporters on FOB values of their enhanced exports if increased beyond 10 per cent (over last year’s exports).
The rate of support for garments will be 4pc, followed by 2pc for made-ups and 1pc on processed fabrics exports. The rate of mark-up for export refinance scheme of the State Bank of Pakistan was reduced to 7.5pc from 9.4pc.
